The policy implications of an appropriate development strategy for Southern Africa

Abstract

The development strategies of the past have not lead to meaningful development results. The fruits of economic growth do not automatically reach the poor groups. The conventional development approach (growth strategy) is unable to produce any significant development results, nor is it capable of eradicating poverty. This experience has culminated in a more appropriate strategy for the circumstances in the LDCs. In a previous article in this journal, the magnitude of the poverty problem and the conceptual framework of this relatively new approach were discussed. This article highlights the policy implications, in terms of appropriate development programmes, of this approach.

Notes

Economist, Development Research and Specialist Services Division, Development Bank of Southern Africa.

Professor, Department of Economics, Potchefstroom University for CHE.